Kraken has integrated Solana on-chain DEX trading into its core mobile app. The company says that over 10 million users can now directly access more than 2,500 Solana-based tokens within a familiar trading interface.

This feature is available to eligible users in the United States and over 100 other countries and regions. Users can buy and sell Solana ecosystem tokens using USD or USDC without leaving the Kraken app, including many assets not yet listed on centralized exchanges.

Complete on-chain transactions directly within the application

Previously, users wishing to participate in newly issued Solana tokens typically needed to configure DeFi tools themselves, including creating a separate wallet, storing mnemonic phrases, transferring assets across chains, and handling on-chain transaction fees. Kraken has now directly embedded the on-chain transaction process into its existing application, reducing these operational barriers.

Users can now view their on-chain holdings and existing assets in their Kraken accounts on a single interface, without having to switch between multiple applications. The relevant infrastructure is provided by embedded wallet service provider Privy, which connects to the DEX protocol on Solana in the background.

Exchanges are accelerating the integration of DEX functionality.

Kraken's move also reflects the trend of further integration between centralized exchanges and on-chain trading. As on-chain trading volume remains high in 2025, more and more platforms are beginning to integrate DEX trading as an in-app feature, rather than requiring users to go to external wallets and protocols separately.

Over the past two years, Binance, Bybit, Coinbase, and OKX have all launched similar products, attempting to integrate centralized exchanges with on-chain markets into a unified portal. These products typically emphasize two selling points: earlier access to new projects and participation in on-chain transactions with lower operational complexity.

The first phase focuses on the Solana ecosystem.

Kraken's initial listing only covers the Solana ecosystem. Solana has consistently been one of the most active public chains in terms of new token issuance and DEX activities in recent years, making it a preferred platform for trading platforms.

Kraken stated that it plans to expand support to more blockchain networks. This means that in the future, eligible users may have access to a wider range of on-chain markets within the same application, and the boundaries between exchanges and DEXs will continue to narrow.